New 55% Off on All Courses - Enroll Now! Click Here

    Question

    How has India's position in the global mobile phone

    production market changed by the end of the decade 2014-2024?
    A Became the largest exporter Correct Answer Incorrect Answer
    B Remained constant without significant change Correct Answer Incorrect Answer
    C Dropped to third place Correct Answer Incorrect Answer
    D Became the world’s second-largest producer Correct Answer Incorrect Answer
    E Focused only on domestic consumption Correct Answer Incorrect Answer

    Solution

    To enhance the competitiveness of Advance Authorisation (AA) holders, Export Oriented Units (EOU), and Special Economic Zones (SEZ) export units by providing a rebate on various central and state levies and taxes incurred in the manufacturing of exported products, thereby increasing their global competitiveness.

    Practice Next

    Relevant for Exams: